• DATVF.ATLPHL
    1.638
    -0.014
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  • DATVF.CHIATL
    1.963
    0.087
    4.6%
  • DATVF.DALLAX
    0.897
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  • DATVF.LAXDAL
    1.549
    -0.024
    -1.5%
  • DATVF.SEALAX
    0.976
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    5.6%
  • DATVF.PHLCHI
    0.939
    0.039
    4.3%
  • DATVF.LAXSEA
    2.034
    -0.050
    -2.4%
  • DATVF.VEU
    1.513
    0.037
    2.5%
  • DATVF.VNU
    1.414
    -0.009
    -0.6%
  • DATVF.VSU
    1.223
    -0.065
    -5%
  • DATVF.VWU
    1.505
    0.001
    0.1%
  • ITVI.USA
    10,157.610
    34.840
    0.3%
  • OTRI.USA
    4.860
    -0.020
    -0.4%
  • OTVI.USA
    10,152.020
    35.380
    0.3%
  • TLT.USA
    2.400
    -0.020
    -0.8%
  • WAIT.USA
    150.000
    0.000
    0%
  • DATVF.ATLPHL
    1.638
    -0.014
    -0.8%
  • DATVF.CHIATL
    1.963
    0.087
    4.6%
  • DATVF.DALLAX
    0.897
    -0.106
    -10.6%
  • DATVF.LAXDAL
    1.549
    -0.024
    -1.5%
  • DATVF.SEALAX
    0.976
    0.052
    5.6%
  • DATVF.PHLCHI
    0.939
    0.039
    4.3%
  • DATVF.LAXSEA
    2.034
    -0.050
    -2.4%
  • DATVF.VEU
    1.513
    0.037
    2.5%
  • DATVF.VNU
    1.414
    -0.009
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  • DATVF.VSU
    1.223
    -0.065
    -5%
  • DATVF.VWU
    1.505
    0.001
    0.1%
  • ITVI.USA
    10,157.610
    34.840
    0.3%
  • OTRI.USA
    4.860
    -0.020
    -0.4%
  • OTVI.USA
    10,152.020
    35.380
    0.3%
  • TLT.USA
    2.400
    -0.020
    -0.8%
  • WAIT.USA
    150.000
    0.000
    0%
LogisticsNews

Mega-industrial project proposed south of Atlanta

Project not expected to go live for 20 years

A real estate developer has proposed to build a large industrial complex about 50 miles south of Atlanta, although the timeline proposed for development is unlikely to move the state’s industrial needle very much.

The plan calls for developing 18 million square feet of industrial space on 1,225 acres in Butts County, near Interstate 75. The project, called River Park, also contemplates 110 acres of commercial and 89 acres of residential space for up to 200 single-family homes, according to a letter of intent filed June 13 with Butts County Planning and Zoning. Falcon Design Consultants and LGS Industrial, both of Stockbridge, Ga., a suburb south of Atlanta, are involved in the project.

According to the filing, the project could take as long as 20 years to finish. David Egan, global head of industrial research for real estate services firm CBRE Inc. (NYSE:CBRE), said that given the two-decade time frame, that’s not a lot of supply expected to enter the fast-expanding metro Atlanta industrial market. Industrial property encompasses logistics and manufacturing operations.

According to real estate and logistics services firm JLL Inc. (NYSE:JLL), Atlanta’s industrial market has delivered 15 million to 20 million square feet and absorbed nearly million square feet in each of the last two years, a solid performance. Demand has leveled off in 2019 due largely to geopolitical concerns that have dampened risk-taking. Net absorption, a term for the difference between occupied and vacated space, declined in the first quarter of 2019 over the same period in 2018, JLL said. 

However, 16 million square feet of industrial space is under construction and 35 million square feet of industrial deals are in the pipeline, according to JLL data.

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Mark Solomon

Formerly the Executive Editor at DC Velocity, Mark Solomon joined FreightWaves as Managing Editor of Freight Markets. Solomon began his journalistic career in 1982 at Traffic World magazine, ran his own public relations firm (Media Based Solutions) from 1994 to 2008, and has been at DC Velocity since then. Over the course of his career, Solomon has covered nearly the whole gamut of the transportation and logistics industry, including trucking, railroads, maritime, 3PLs, and regulatory issues. Solomon witnessed and narrated the rise of Amazon and XPO Logistics and the shift of the U.S. Postal Service from a mail-focused service to parcel, as well as the exponential, e-commerce-driven growth of warehouse square footage and omnichannel fulfillment.

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